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    November 27, 2020

    Big news for farmers, now a loan of 3 lakh rupees will be given for agriculture at 0% interest

    1 min read

    iSpeech

    Haryana became the first state to give loans to farmers without interest, 3 percent central government and 4 percent state government will bear the farm loan for 7 percent interest rate.

    Chandigarh To make farmers self-sufficient and doubling their income by 2022, big stakes have gone. It has been told that now the government has planned to give interest free loan of up to 3 lakh rupees, so that farmers do not get burdened under the burden of interest. This is probably the first such scheme in a state. State's Agriculture and Farmers Welfare Minister JP Dalal said that despite the banks usually taking 7 percent interest rate on crop loans, the government will make it available to the Annadata at zero percent. Farmers should take crop loans directly from banks instead of the fact that, for this, the idea of ​​preparing a disaster fund plan is underway.

    The broker said that 3 percent central government and 4 percent Manohar Lal government will bear the crop loan of 7 percent interest rate. In this way crop loan will be given to the farmer at zero percent only. Agricultural debt is not less than 4 percent in any state of the country. He said that for this, how to finance the farmers according to the utility and income of their land, the Haryana Government has decided to install 17,000 Kisan Mitras, who will advise the farmers as volunteers.

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